All deposits in Armenia’s banks valued at over AMD 1 364,7 bln in May, 2.4% up

YEREVAN, July 15./ARKA/. All deposits in Armenian commercial banks rose  in May  by 2.4% from April  to 1 364,7 billion drams, according to the Central Bank of Armenia.

Residents’ deposits valued at 1 016,9 billion drams (1.2% growth month over month), non-residents’ deposits- 330.4 billion drams (6.4% upturn).

The volume of AMD deposits of residents decreased  by 1.6% in May from April to about 370.6 billion drams.  Deposits in foreign currency increased by 2.8% to over 646.2 billion drams. As of May  2013, there are 21 commercial banks registered in Armenia. ($1 – 409.93 drams). —0-

spot_img

POPULAR

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

Grant Akopian Appointed CEO and Chairman of the Management Board of Converse Bank

Converse Bank CJSC announces the appointment of Grant Akopian as Chief Executive Officer and Chairman of  the Management Board of the Bank.

Central Bank of Armenia website and centralized registry of bank accounts may be unavailable for four hours on April 14

The Central Bank of Armenia website and the centralized registry of bank accounts may be temporarily unavailable on April 14 from 7:00 PM to 11:00 PM due to scheduled maintenance of the information systems.

Yerevan’s budget revenue exceeded its target by 7.2% in the first quarter: Municipality

In the first quarter of 2026, Yerevan's budget actually received 22.3 billion drams, compared to its planned revenue of 20.8 billion drams, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 6-12)

Last week, the Armenian financial market focused on, among other things, statements by the Central Bank's management on macroeconomic risks, assessments of the possible inflationary impact of external shocks, discussions of stablecoins, and the development of regional payment infrastructure.

LATEST NEWS

spot_imgspot_imgspot_img